(a) The offshore jurisdiction with the largest number of alternative investment funds is the Cayman Islands, which is internationally compliant, committed to information exchange, well-regulated, cooperative and transparent;

(b) Offshore alternative investment funds are good for investors, including pension funds, sovereign wealth funds, not-for-profit organisations and charities – and their stakeholders;

(c) Offshore alternative investment funds are tax neutral, eliminating duplicative layers of taxes which unfairly diminish stakeholder returns. They do not affect onshore tax revenues as investors pay their taxes in their home jurisdictions;

(d) Offshore alternative investment funds are transparent, being at the cutting edge of regulatory and tax compliance and information exchange, including FATCA and CRS;